Quote:
Originally Posted by MoneyGuy
My thought: Why in the world would you want to put enough into an RRSP to eliminate the tax you owe now? Not sure if that's what you're saying but that's what it looks like.
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No, it's one of those things where let's say I'm due to get $500 back. After enterring all my info the tax software will tell me that is I get an RRSP loan for $670 then my return will cover it.
I'm really bad about saving money, so I figure if I at least do this with what is essentially "found money" then I'm better off than if I spent my refund on hookers & blow.